Spices; Mixtures Price in Qatar - 2023
Contents:
Spices; Mixtures Price in Qatar (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $4,793 per ton, with an increase of 21% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $5,408 per ton in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($7,914 per ton), while the price for India ($4,585 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Imports in Qatar
In 2022, approx. 1.6K tons of spices; mixtureses were imported into Qatar; picking up by 17% on 2021. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports skyrocketed to $7.2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.3 | 3.6 | 3.5 | 4.4 | 10.1% |
| Pakistan | 0.7 | 0.7 | 1.0 | 1.9 | 39.5% |
| Jordan | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Bangladesh | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Lebanon | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.2 | 0.7 | 0.5 | 0.6 | 44.2% |
| Total | 4.4 | 5.4 | 5.5 | 7.2 | 17.8% |
Top Suppliers of Spices; Mixtures to Qatar in 2022:
- India (1069.3 tons)
- Pakistan (362.1 tons)
- Bangladesh (54.3 tons)
- Lebanon (40.7 tons)
- Jordan (33.0 tons)
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